Bitcoin

Brevan Howard’s crypto hedge fund has launched a new unit that will help companies generate more returns on their crypto treasuries.
Brevan Howard Asset Management’s crypto-focused branch, Brevan Howard Digital, has unveiled a new unit aimed at enhancing returns for companies holding crypto as a reserve asset.
According to a Financial News <a href="http://www.fnlondon.com/articles/brevan-howard-digital-targets-multi-billion-dollar-crypto-treasuries-a7762a8f?data=89236crypto89237news98273" target="_blank" rel="noopener noreferrer nofollow">report</a>, the new unit called BH Digital Solutions will be led by Chris Rayner-Cook, former head of trading and financing at <a href="https://crypto.news/tag/coinbase/" target="_blank" rel="noopener noreferrer nofollow">Coinbase</a>. The unit’s initial focus will be on <a href="https://crypto.news/tag/blockchain/" target="_blank" rel="noopener noreferrer nofollow">blockchain</a> and crypto <a href="https://crypto.news/tag/mining/" target="_blank" rel="noopener noreferrer nofollow">mining</a> companies, helping them generate increased returns from their holdings.
The launch comes as BH Digital, Brevan Howard’s crypto hedge fund which manages $2.3 billion, reported a 20% increase in assets under management in the first half of 2024. As crypto.news <a href="https://crypto.news/brevan-howards-crypto-fund-gains-20-hitting-2-3b-in-aum-report/" target="_blank" rel="noopener noreferrer nofollow">reported</a>, since its launch in late 2021, BH Digital has seen its assets swell to $2.3 billion, with a more than 50% gain since its trading debut in March 2022.
Gautam Sharma, CEO of Brevan Howard Digital, emphasized that the new unit represents a “natural extension” of the firm’s offerings, highlighting the growing “opportunities” in the crypto space for institutional investors.
As the financial landscape remains uncertain, an increasing number of companies are incorporating crypto into their balance sheets. Data from BitcoinTreasuries.com reveals that over 90 companies globally hold Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>), with <a href="https://crypto.news/tag/microstrategy/" target="_blank" rel="noopener noreferrer nofollow">MicroStrategy</a> leading the pack with more than 226,330 BTC, valued at over $15.7 billion at current prices.
You might also like: <a href="https://crypto.news/alan-howard-crypto-startups/" rel="noopener noreferrer nofollow"> Alan Howard makes more investments in crypto startups </a>

Brevan Howard’s new fund to target firms with crypto on balance sheets: report

crypto.news

2024년 7월 29일에 게재된 다른 기사

Solana Price Forecast: Can Bulls Breach Yearly High as Layer 1s Dominate Crypto Volume?

Ripple News: XRP Could Skyrocket to $1,000 if Used for 10% of SWIFT Payments, Says Analyst

SEC Chairman Gary Gensler May Resign as Trump Readies for 2025 Presidential Term

BNB Chain Eliminates $971M BNB in 28th Quarterly Token Burn

BlackRock imposters target crypto ETF investors

Top Meme Coin Presale: Bitcoin Cash Jumps on Positive Sentiment, Targets $400

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!